Business

Sills named CEO of Mechanics and Farmers Bank

August 12, 2014

(The News & Observer, Raleigh)

Durham-based Mechanics and Farmers Bank named James H. Sills III president and CEO effective Sept. 1, replacing Kim Saunders, who stepped down in March. Sills has held leadership roles at MBNA America Bank, First Tuskegee Bank and Memphis First Community Bank.

Filing reveals details of Dollar Tree-Family Dollar deal

August 12, 2014

(The Charlotte Observer)

A securities filing Monday shows that Chesapeake, Va.-based Dollar Tree Inc. began pursuing a possible acquisition of Matthews-based Family Dollar Stores Inc. in late February.

Wilmington startups chosen for tech conference

August 12, 2014

(Greater Wilmington Business Journal)

Two Wilmington startups were chosen among 18 "hottest emerging tech companies" by Durham-based Council for Entrepreneurial Development. Next Glass and nCino Inc. will present at the organization's Tech Venture Conference in Raleigh in September.

Duke University hits fundraising record

August 12, 2014

(The News & Observer, Raleigh)

Duke University raised $441.8 million in fundraising during the fiscal year that ended June 30, 7.5% more than the previous year. The Durham-based university is in the midst of a multi-year campaign with a goal of raising $3.25 billion by June 30, 2017.

Harvard signs with Winston-Salem's IMG College

August 12, 2014

(Winston-Salem Journal)

Harvard University signed an athletics sponsorship agreement with Winston-Salem-based IMG College, a subsidiary of IMG Worldwide Inc. The sports-marketing company represents 80 colleges nationwide and various conferences, associations and venues.

Concord airport mulls expansion for additional airlines

August 11, 2014

(The Independent Tribune, Concord)

Concord Regional Airport looks to expand as commercial airlines have expressed interest in adding flights there. More than 20,000 passengers have passed through the airport since Las Vegas-based Allegiant Airlines began passenger service in December.

N.C. Zoo turns 40

August 11, 2014

(News & Record, Greensboro)

The state's third largest tourist attraction will celebrate its 40th birthday on Aug. 16. The N.C. Zoo in Asheboro attracts about 740,000 visitors annually and employs 260 full-time workers and 100 part-time seasonal workers.  

Duke researchers study fracking's effects on water quality

August 11, 2014

(The Charlotte Observer)

Professors at Duke University are close to finalizing research that could show whether drilling for shale gas in other states has led to problems with water quality. North Carolina will begin public hearings this month on safety standards for the practice.

Hospitality, health care jump ahead of manufacturing in Buncombe County

August 11, 2014

(Asheville Citizen-Times)

The health-care and hospitality industries have surged ahead of manufacturing in Buncombe County over the past two decades. The hospitality sector employed 9,709 workers in 1990; today 18,022 are employed in the industry. The number of manufacturing jobs has been cut almost in half.

Construction to begin on Wilmington wood-pellet storage domes

August 11, 2014

(StarNews, Wilmington)

Construction will begin this fall on two 150-foot tall domes that will house wood pellets for export to Europe. Maryland-based Enviva will finance the $35 million project at Port of Wilmington, which is expected to be completed in about a year.